Forever 21 Prepares for Potential Bankruptcy Filing


Forever 21 Inc is preparing for a potential bankruptcy filing. The company has been in talks for additional financing and is working with a team of advisers to help restructure its debt, but negotiations with possible lenders have so far stalled, Bloomberg reported. The company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so far stalled, the people said. Focus has thus shifted toward securing a potential debtor-in-possession loan to take the company into Chapter 11, they said, even as some window remains to strike a last-minute deal that keeps it out of court.


One response to “Forever 21 Prepares for Potential Bankruptcy Filing”

  1. Christopher says:

    Bad Quality, results in; Bankruptcy.

Leave a Reply

Your email address will not be published. Required fields are marked *












  •  




     

  • RSS Hot Canada Deals

  • Recent Comments

  • Did You Know?

    Smart Canucks is Canada's first Canadian shopping deals blog and has been operating since 2005!



  • Join Mailing List

    Pages

    Categories

    Archives

    Find Deals by Brand!